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A few more percentage points, and it will be back to what it was before he took office. The average unemployment rate while he has been in office is 8.97%.
Unemployment peaked around 10% at the height of the recession in October 2009, shortly after Obama took office. Since then, there's been a steady decline down to its current level of 7.8%.
Um, if you can't see that the massive rise in unemployment was due to a recession that began before Obama took office, I don't know what to say. Said recession also was due in large part to two wars started under Bush, so, yes, in a way, it is Bush's fault.
I fixed a couple of things for you.
Right. You're providing personal anecdotes with no hard evidence, while I'm providing evidence of concerted racial attacks on Obama. Accusations of racism against certain people who don't support Obama aren't baseless, that's what I'm showing you.
Right, you couldn't be the Chairman of Wal-Mart or an Oscar-winning director or anything...
The super PAC backing President Obama raised $15 million last month, including $1 million from Sam Walton, the chairman of Wal-Mart, a traditional Republican-leaning organization.
You mean it went above the 8% Obama promised it wouldn't go above if he got the stimulus bill passed?
Unemployment averaged 9% while he has been in office, and you are trying to sell people on the fact that he lowered it to a rate higher than it was when he went into office?
I know, I know. Bush. Obama should be held accountable for absolutely nothing, because of George W Bush. Obama gets a free 4 year pass, and we simpley take your word for it that we would have gone through another great depression if not for the chosen one.
So how exactly do you guage Obama's performance, when he is not held responsible for anything negative that occurred during his presidency?
Economy is bad. Would be worse without obama
Unemployment is bad. Would be worse without obama
Foreign relations are bad. Would be worse without obama,
You're making the same ridiculous "gas-price" argument. Unemployment rates, like gas prices, can't be viewed in the fixed scope of arbitrarily-selected points in time. They're trends, and if you want to stick your head in the sand and refuse to see that, I can't help you.
Bush left office as the unemployment rate was skyrocketing from a low of 4.4 to 7.8 when Obama took office in Jan. 2009. This trend continued for the next 10 months and peaking in Oct. 2009 until the recession ended and Obama administration policies started reversing the job-loss trend. Since that peak, there has been a consistent and steady decline in the unemployment rate as a result of Obama administration policies.
So, let's review - at the end of the Bush presidency, unemployment had nearly doubled from its low point and was skyrocketing due to the recession that began under Bush's watch. At the end of Obama's first term, unemployment has been reduced by over 20% from its peak.
I gauge Obama's performance by how he's done in regards to elements under his control. I think it's patently absurd to hold Obama responsible for a recession caused primarily by wars he didn't start and an economy that he didn't tank.
Among many, many other things, I judge him on his reduced unemployment numbers, his ability to reduce the deficit, his passage of laws such as the Lily Ledbetter Fair Pay Act and his support of marital equality.
And his Wonderful Healthcare plan dont forget that..
I assume you're being sarcastic here. Would you mind detailing why, in your opinion, the Affordable Care Act is such a bad thing?
Who would you say is responsible for tanking the economy?
And maybe I missed the deficit numbers, but in what facet has he reduced it?
Obama never responds to anything about the 4trillion deficit he has produced.
You don't know what the deficit is if you think Obama produced a $4 trillion deficit.
So just so we're clear, unless one majors in business, engineering, or a math/science, they're useless to this country. Correct?
I would say the Bush tax cuts, the wars in Iraq and Afghanistan, and a number of large banks responsible for the mortgage crisis are the prime culprits for tanking the economy.
As for deficits, Obama inherited a $1.413 trillion deficit from Bush in 2009. Since then, he has managed to reduce the deficit to $1.089 trillion as of 2012.
Charts and analysis of the US Federal Deficit, including current deficit, 20th century deficits, and deficits since the founding. Source: Office of Management and Budget, US Census Bureau.
I agree mostly with # 3. The deregulation of banks caused in part by the The Gramm-Leach-Bliley Act was a complete failure IMO (and both parties can be blamed for this). That, coupled with the National Homeownership Strategy, on top of a real estate bubble, caused a lot of the mess we are in today.
It just bothers me when people want to blame Bush for Obama's misfortunes, while Bill Clinton is completely vindicated.
Also, the total public debt outstanding increased $5 trillion under Bush in 8 years. It has increased $6 trillion under Obama in 4.
This post was edited by Clemson 18 months ago
I was just responding to an asinine comment from Ego. But, for the most part, I'd like to give myself a pat on the back, because it's probably pretty spot on.
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